function censor(censor) {
  var i = 0;

  return function(key, value) {
    if(i !== 0 && typeof(censor) === 'object' && typeof(value) == 'object' && censor == value) 
      return '[Circular]'; 

    if(i >= 29) // seems to be a harded maximum of 30 serialized objects?
      return '[Unknown]';

    ++i; // so we know we aren't using the original object anymore

    return value;  
  }
}

var b = {foo: {bar: null}};

b.foo.bar = b;

console.log("Censoring: ", b);

console.log("Result: ", JSON.stringify(b, censor(b)));